Description

Kentucky Richmond−Berea MSA Motel-6 For Sale

1029 Cooper Dr, Berea, KY 40403 (Madison County)

15 miles from Richmond, Kentucky and 39 miles from Lexington, Kentucky

This Property Is NO LONGER AVAILABLE for sale.

HOTEL LOANS/હોટલ લોન: Call Madhur Gupta at 919.428.9840

Sale to include Motel 6 Berea (59-room, including owner’s apartment) and a House (3-bedrooms) on the same parcel.

Kentucky Richmond−Berea MSA Motel-6 For Sale

PROPERTY PHOTOS

Kentucky Richmond−Berea MSA Motel-6 For Sale

LOCATION MAP

Kentucky Richmond−Berea MSA Motel-6 For Sale

PROPERTY HIGHLIGHTS

• Sale to include Motel 6 Berea, KY (59-room including Owner’s Apartment), 3-Bedroom House on the same parcel. Parcel is approximately 3.154 to 3.5 acres offering the new owner an opportunity for additional commercial development. 
• Financing/Loans: SBA/USDA Loan Eligible  
• Financial Highlights Priced to sell at less than 3 x T12 Room Revenue of $678,078 (Sep 22 to Aug 23) | 2023 (Jan to Sep) Room Revenue of $500,000 
• Location High Visibility Location | Conveniently located off INTERSTATE 75 (I-75) exit 77, near Battlefield Golf Course, Hummel Planetarium, Kentucky Music Hall of Fame, many restaurants and retail malls. Interstate 75 is one of the busiest highways in the United States, and it runs from Michigan to  Florida. I-75 runs from near Williamsburg to Covington by way of Lexington in the US state of Kentucky. I-75 enters the Cumberland Plateau region from Tennessee, then descends into the Bluegrass region through the Pottsville Escarpment before crossing the Ohio River into Ohio. I-75 follows along the U.S. Route 25 (US 25) corridor for the entire length of Kentucky.
• Major Cities nearby Located within 15 miles south of Richmond, one of the 10 most populous cities in Kentucky; 39 miles south of Lexington, Kentucky; 113 miles southeast of Louisville, Kentucky and 132 miles north of Knoxville, Tennessee.
• Total Rooms 59 (54 rentable rooms + 4 rooms currently used by Manager/Housekeeper + 1 storage) | Total Buildings 1 | Total Stories 2 | Corridors Exterior | Year Opened 1989 | Acres 3.154 acres
• Room Type 1 King = 12 rooms | 1 Queen = 15 rooms |  2 Queen = 29 rooms
• Guest Type (Approximate) Interstate (70%), Local (30%)
• Amenities Four (4) Hotel rooms (currently used by Manager/Housekeeper) | Former 3 Bedroom Pool House (currently used as Owner’s Primary Residence) | Kids Stay Free | Pets Allowed | Free Truck / RV/ Car Parking | Accessible Rooms | Free Local Calls | Coin Laundry | Vending Machines | Free Wi-Fi | Free Expanded Cable | Free Coffee | Restaurants Nearby
• Competitive Set Econo Lodge, Red Roof Inn, Boone Tavern Hotel, Quality Inn (Total 275 rooms including Motel 6)
• Motel 6 – An Iconic American Brand Strong and largest owner/operator/franchisor in the U.S. economy lodging segment strategically located throughout the U.S. — close to airports, freeways and other thoroughfares | https://www.motel6.com/en/home/policies/about.html
• Franchise Website https://www.motel6.com/en/home/motels.ky.berea.4899.html
• Franchise Windows 10, 15, 20 year from the Effective Date
• Attractions nearby Berea City Park 1.8 mi | Berea Memorial Park 2 mi | John G. Fee Park 2.3 mi | Alumni Field 2.4 mi | Battlefield Park 5 mi | Wilgreen Lake 8 mi | Taylor Fork Ecological Area 8 mi | Farm Trail Park 9 mi | Woodchip Trail Park 9 mi | EKU Cemetery Park 10 mi | https://www.tripadvisor.com/Attractions-g39187-Activities-Berea_Kentucky.html
• Closest Airports Blue Grass Airport 34 mi | Mount Sterling-Montgomery County Airport 36 mi
• Restaurants nearby Hitz BBQ 300 ft | SUBWAY 700 ft | Smokehouse Grill 750 ft https://www.tripadvisor.com/RestaurantsNear-g39187-d7891370-Motel_6_Berea-Berea_Kentucky.html
• Major Employers Hitachi Automotive Systems Americas (auto parts); Kentucky Steel Center (auto parts); KI (USA) (auto parts); STEMCO Motor Wheel (auto parts); NACCO Materials Handling Group (forklifts); Novelis (metals); Pittsburgh Glass Works (auto parts); Wal-Mart; Blue Grass Army Depot, Pattie A. Clay Regional Medical Center,  Tokico, Guildhouse American Greeting, Enersys, Sherwin Williams, Okonite; University and County Schools.
• Berea is a principal city of the Richmond−Berea Micropolitan Statistical Area situated in southern Madison County near the edge of central Kentucky’s Blue Grass Region, located along Interstate 75, which runs to the west of downtown, with access from exits 76 and 77. Via I-75, Lexington is 40 mi (64 km) north, and Knoxville, Tennessee is 134 mi (216 km) south. U.S. Route 25 is the main highway through the center of town, leading north 14 mi (23 km) to Richmond, the Madison County seat, and south 17 mi (27 km) to Mount Vernon. It is one of the fastest-growing towns in Kentucky, having increased by 27.4% since 2000. The population was 15,539 at the 2020 census. Boasting a small town atmosphere with rich cultural and historic roots, Berea is an ideal place to live, work and play.
• Madison County is part of the Richmond-Berea, KY Micropolitan Statistical Area which is also included in the Lexington–Fayette–Richmond–Frankfort, KY Combined Statistical Area.
• Kentucky Population 4.5 million people | Kentucky is located within a day’s drive or a two hour flight of 2/3 of the U.S. population | 3 global air shipping hubs (UPS, DHL and Amazon) provide rapid, reliable delivery to virtually any location worldwide | 2,760 miles of rail track, including 2,600 miles of freight rail​ | ​2,000 miles of navigable waterways and 12 active or developing river ports Kentucky ranks 2nd in the nation in total air cargo shipments | Kentucky ranks 1st in the nation for cost of doing business according to CNBC | Kentucky has among the lowest cost of electricity in the industrial sector in the U.S., coming in 17 percent lower than the national average | The cost of living is more than 10 percent lower in Kentucky than the U.S. average, and housing costs alone are up to 30 percent lower | Business Friendly | 95% of the world’s Bourbon is produced in Kentucky​ | Kentucky is, of course, the Horse Capital of the World, and sales of horses and stud fees accounted for cash receipts of nearly $400 million | Kentucky farmers achieved $5.90 billion in farm cash receipts in 2018. Kentucky’s leading agricultural product in cash receipts was poultry and eggs at more than $1.2 billion | More than 550 automotive-related companies in Kentucky employ over 103,000 people and exports totaled $4.8 billion in 2019 | Kentucky is the #1 producer of cars, light trucks and SUVs per capita
• Kentucky Top 25 Manufacturers/Service & Technology Firms 1 . Ford Motor Company 12,960 2 . United Parcel Service Inc 12,907 3 . Amazon.com 12,250 4 . Humana Inc 10,293 5 . Toyota Motor Corp 9,819 6 . Haier US Appliances Solutions, Inc. 6,300 7 . FMR LLC 4,500 8 . Conduent Inc 3,488 9 . Deutsche Post AG 3,109 10 . Citigroup 2,840 11 . Grupo Proeza SA de CV 2,788 12 . Magna International Inc 2,638 13 . J&F Participações S/A 2,528 14 . Chevron Corporation 2,527 15 . Berkshire Hathaway Inc 2,513 16 . Tyson Foods Inc 2,465 17 . Hitachi Ltd 2,379 18 . Hitachi Automotive Systems Ltd 2,323 19 . Akebono Brake Industry Co Ltd 2,201 20 . bpost 2,181 21 . Adient 2,146 22 . Itochu Corp 1,902 23 . LSC Communications 1,750 24 . UACJ Corporation 1,724 25 . Toyota Tsusho Corporation 1,703
• Useful Links | City of Berea https://bereaky.gov/ | City of Richmond https://www.richmond.ky.us/ | Madison County https://www.madisoncountyky.us/ | Kentucky https://ced.ky.gov/Locating_Expanding/Why_Kentucky

EDUCATION

Schools Madison County is served by two school districts:

• Madison County Schools, currently consisting of 10 elementary, 5 middle, and 2 high schools.
• Berea Independent Schools, currently consisting of 1 elementary, 1 middle, and 1 high school.
• The county is also served by Model Laboratory School which is part of Eastern Kentucky University.

Colleges and universities

• Eastern Kentucky University, located in Richmond
• Berea College, located in Berea
• National College of Business & Technology, located in Richmond

ECONOMY

Military The Blue Grass Army Depot is located just south of Richmond.

BEREA is a principal city of the Richmond−Berea Micropolitan Statistical Area, which includes Madison and Rockcastle counties. The city is located along Interstate 75, which runs to the west of downtown, with access from exits 76 and 77. Via I-75, Lexington is 40 mi (64 km) north, and Knoxville, Tennessee is 134 mi (216 km) south. U.S. Route 25 is the main highway through the center of town, leading north 14 mi (23 km) to Richmond, the Madison County seat, and south 17 mi (27 km) to Mount Vernon. It is one of the fastest-growing towns in Kentucky, having increased by 27.4% since 2000. The population was 15,539 at the 2020 census. 

Berea is located on the border of the Cumberland Plateau. The area has a mountainous appearance, but most outcroppings in the area have a maximum elevation of 2,500 feet or 760 meters. Berea has a humid subtropical climate, with hot summers and relatively cold winters. Summers tend to be humid and sunny, with occasional storms, while winters are generally cold with many milder periods.

MADISON COUNTY is part of the Richmond-Berea, KY Micropolitan Statistical Area which is also included in the Lexington–Fayette–Richmond–Frankfort, KY Combined Statistical Area. Madison County is a county located in the central part of the U.S. state of Kentucky. At the 2020 census, its population was 92,701. Its county seat is Richmond. The county is named for Virginia statesman James Madison, who later became the fourth President of the United States.

Madison County is home to Eastern Kentucky University, Berea College, and historic Boone Tavern. Famous pioneer Daniel Boone lived in Madison County and built Fort Boonesborough, now a state historic site.

KENTUCKY

Kentucky Facilities with International Ownership | Facilities: More than 500 Kentucky facilities are internationally owned | International Presence: 32 nations have Kentucky-based facilities | Investment: Over 110,000 people are employed at these Kentucky facilities

Kentucky Richmond−Berea MSA Motel-6 For Sale

LISTING CONTACTS

1. Brian Brockman (Kentucky) License #204982 | Bang Realty 2939 Vernon Place, Cincinnati, OH 45219 |Email: brian@bangrealty.com | Phone: 513-898-1551
2. Madhur Gupta (North Carolina) License # 296538 | M Hotels LLC 205 S Academy St, PO Box 2342 Cary, NC 27519 | Email: m@dialmforhotels.com | Phone: 919 428 9840

CONFIDENTIAL SALE. Do not call or visit the property without an appointment. All appointments, questions, offers and offer negotiations to go strictly through broker only. 

Information in this listing has been provided by reliable third parties, but is not guaranteed and is subject to change without notice. Buyers must independently verify this information for accuracy or completeness. For additional information, please contact broker.

Call Madhur Gupta at (919) 428 9840 for Hotel Loans.